Newcastle Intermediaries launches fee-free BTL range
Newcastle Intermediaries has announced the launch of two buy-to-let mortgage products with no legal or valuation fees attached.
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The products will be available through The Business Mortgage Company who Newcastle Intermediaries teamed up with in the summer to enter the burgeoning BTL market.
The two-year product is at a rate of 3.75% (APR5.7%), comes without valuation or legal fees and a reservation fee of £199. It is available at a maximum LTV of 75% (on a maximum loan of £350,000).
A five-year fix is also available from 4.25% (APR5.4%) at a maximum LTV of 75% (on a maximum loan of £350,000).
Steven Marks, Corporate Development Executive, said:
“Since entering the BTL arena we have had a lot of positive feedback and interest in our products. We joined forces with TBMC’s in the summer and we are keen to grow this relationship with highly competitive products, such as the two launched today.
“Offering a two and five year deal, both of which are fees assisted, means there are both shorter and longer-term options for landlords, while helping them make upfront savings when investing in a property.”
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